What is another word for Marxian economics?
Pronunciation: [mˈɑːksi͡ən ˌiːkənˈɒmɪks] (IPA) 
Marxian economics, also known as Marxist economics, is a field of economic thought that is based on the theories of Karl Marx, a 19th-century philosopher and economist. The term "Marxian economics" is often used interchangeably with "Marxist economics," "Marxist political economy," or simply "Marxism." Other synonyms for Marxian economics include "socialist economics," "radical economics," and "critical political economy." The central tenets of Marxian economics include the labor theory of value, the exploitation of workers by capitalists, and the inevitable collapse of capitalism due to class struggle. This alternative approach to economics has spawned numerous theories and schools of thought that continue to influence economic thinking and policy to this day.
